(Hong Kong) The Hang Seng Index opened down 625 points, or 2.67%, reaching 22,716 points. The Hang Seng China Enterprises Index fell 239 points, or 2.77%, to 8,379 points, while the Technology Index declined by 249 points, or 4.3%, to settle at 5,540 points.
Technology stocks faced significant selling pressure, with Tencent down 3.9%, Alibaba plunging 7.8%, Meituan falling by 3.9%, Xiaomi Group down 3.4%, JD.com declining 5%, and Kuaishou dropping 5.2%. Following its earnings report, Trip.com saw a decrease of 3.2%.
The financial sector also experienced a downward trend, though HSBC Holdings managed a slight increase of 0.2%. AIA Group fell 3%, Ping An of China dropped 1.8%, and Hong Kong Exchanges and Clearing saw a decline of 2.8%.
Asian equity markets dropped on Tuesday, following a weak lead from Wall Street, where technology and artificial intelligence stocks faced selling pressure. Concerns are mounting that the AI rally may be nearing its end, though some analysts believe the AI sector could continue to grow for years.
Market sentiment was further dampened after US President Donald Trump announced on Monday that tariffs on Canada and Mexico "will go forward" once the one-month delay period ends next week. Meanwhile, the Bank of Korea reduced its policy rate by 25 basis points to 2.75%, in line with expectations. The central bank also revised its growth forecast for the year down to 1.5%, from 1.9% in November's projection.
Source: Dimsumdaily.HK & Trading Economi
The Hang Seng slipped 224 points, or 0.9%, to close early at 25,630 on the final trading day of 2025, as markets closed early ahead of the New Year. The index reversed the prior session's strength as ...
The Hang Seng Tech Index fell 1% to 5,521, indicating renewed pressure on Hong Kong technology stocks in the latest trading session. This decline reflects a more cautious sentiment towards the techno...
The Hang Seng rose 219 points, or 0.9%, to end at 25,855 on Tuesday, reversing prior losses with broad-based sector gains. Tech stocks led the rally, up 1.7% on strong moves from SMIC (4.5%), Horizon ...
The Hang Seng fell 184 points, or 0.7%, to close at 25,635 on Monday, reversing modest gains from the previous session, as markets entered the final trading week of 2025. Early strength was erased aft...
Hong Kong stocks rose 213 points, or 0.8%, to 26,025 on Monday morning, extending their gains for a second session as market participants opened the final week of 2025. The Hang Seng Index also hovere...
Gold prices rose in early Asian trading amid growing geopolitical concerns in the Middle East. This increase occurred as tensions between Saudi Arabia and the United Arab Emirates escalated in recent days, prompting investors to seek safe haven...
World oil prices stabilized on the first trading day of 2026 after experiencing a sharp decline throughout last year. West Texas Intermediate (WTI) crude traded above US$57 per barrel, while Brent, the global benchmark, closed below US$61 per...
Oil prices fell on Wednesday (December 31st), posting a nearly 20% annual loss, as expectations of oversupply grew in a year marked by war, higher tariffs, increased OPEC+ production, and sanctions against Russia, Iran, and Venezuela. Brent crude...
The US Federal Reserve agreed to cut interest rates at its December meeting only after a highly nuanced debate about the current risks facing the US...
European stocks picked up steam on Tuesday, extending gains to notch a fresh record high.
The pan-European Stoxx 600 index provisionally closed...
US stocks held their muted momentum on Tuesday, set to close the year relatively near recent record highs as markets assessed the outlook of robust...
Geopolitical tensions in Latin America are escalating again, particularly regarding Venezuela and pressure from US policies. This situation has...